I had a nightmare about the welfare state. I dreamed that the poor people of the nation worked jobs and paid income taxes. They were so poor after income taxes that they qualified for food stamps because they couldn’t afford rent and food.
I dreamed that some people lost their job and had bad credit. They couldn’t even find a new job because of their bad credit or disability. Every employer required an online application and credit check. They couldn’t afford the legal help to qualify for disability. They didn’t qualify for any assistance other than monthly food stamps that would buy a week’s worth of groceries and a cellphone with 250 minutes. If they had children, they qualified for a monthly welfare check that would buy a week’s worth of groceries. Charity and other programs were pushed to the limit or over-burdened. Public housing assistance did not exist because it was also over-burdened.
The poor and unemployed were depressed with no resources to get help and get back on their feet. They were unemployed too long and could only find temporary work under the table. Several of them committed suicide. Several ended up in jail simply because they had nowhere to sleep. It was commonly believed among those with good jobs that these people were just lazy and that according to a television doctor, providing housing and help for them was enabling their laziness. People don’t help people in need. People help the wealthy people running churches and charities.
I dreamed that the rich people of the nation also received big government checks. The rich people were not creating jobs. They were simply collecting government checks. The government program was called treasury bonds. The government checks were called interest on national debt.
Unfortunately, the blunt truth is that this nightmare is the current state of the economy. Fortunately, there is a solution and a bill written to solve the problem. It is called the Kucinich NEED Act of 2011. It was written by Stephen Zarlenga of the American Monetary Institute. The bill would pay off the national debt without taxation. The government would end fictional reserve banking and the control the banks have over the economy. The government would bring fictional reserves to full reserves by paying off the national debt, creating real jobs by fixing the nation’s infrastructure with new money that isn’t borrowed from the bank or from the rich or collected in income taxation from the productive poor. It would also issue citizen dividends to evenly distribute the money in the economy.
With the end of national debt, the rich would have $9T available to invest in private production, creating real jobs. New jobs would also be created by the rest of the new money entering the economy. There would be money to provide supply. There would be money to provide demand. There would be no treasury bonds and no national debt. There would be no welfare state for the rich. It would be sustainable. It would be supply-and-demand economics. It would be usury-free economics.
We need real investment and job creation. The rich need to stop collecting welfare and start investing in real jobs if they want a return on their savings. We need debt-free Greenbacks to get America working and out of debt.
“It is absurd to say that our country can issue $30,000,000 in bonds and not $30,000,000 in currency. Both are promises to pay; but one promise fattens the usurer, and the other helps the people. If the currency issued by the Government were no good, then the bonds issued would be no good either. It is a terrible situation when the Government, to increase the national wealth, must go into debt and submit to ruinous interest charges at the hands of men who control the fictitious values of gold.” — Thomas Edison
“Once a nation parts with the control of its currency and credit, it matters not who makes the laws. Usury once in control will wreck any nation. Until the control of the issue of currency and credit is restored to government and recognized as its most conspicuous and sacred responsibility, all talk of the sovereignty of Parliament and of Democracy is idle and futile.” — Canadian P.M., William Lyon Mackenzie King
“Thou shalt not lend upon usury (interest) to thy brother, interest on the money, or on anything that is lent with interest.” — Deuteronomy 23:19
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